Presented is a 1 hour technical analysis.
Do to pull backs and support holds at current price I specified a safe sell entry. A touchdown and breach of 1.07870 to avoid any loss. This should brig the trend to retest our current low-high support of 1.07500-1.07400 zone.
Our MACD/SIGNAL are set for a nice cross through the 0 line to confirm our sell entry. A 0 line cross rejection sentiments continued consolidation or buyer continuation to retest 1.08400. RSI is currently being rejected below 50.00 adding more positive sentiment towards as sell off to support.
Please comment with thoughts and ideas. Thank you.
Do to pull backs and support holds at current price I specified a safe sell entry. A touchdown and breach of 1.07870 to avoid any loss. This should brig the trend to retest our current low-high support of 1.07500-1.07400 zone.
Our MACD/SIGNAL are set for a nice cross through the 0 line to confirm our sell entry. A 0 line cross rejection sentiments continued consolidation or buyer continuation to retest 1.08400. RSI is currently being rejected below 50.00 adding more positive sentiment towards as sell off to support.
Please comment with thoughts and ideas. Thank you.